Discover and read the best of Twitter Threads about #TradeDeficit

Most recents (5)

Congressi trolls who know nothing about Economy,are giving gyaan on #Dollar& #Rupee

Yes Rupee hit 77.40 to a Dollar,but,but..

Every major currency has hit lows against Dollar

China's Yuan hit 2yr low@ 6.7 to $
Euro hit 5yr low@ 1.04 to a $

#DollarIndex hit 20yr high at 104.07
Some Business News anchors are saying Rupee has fallen against Dollar because our monthly #TradeDeficit is hitting $20bn&our Current Account Deficit(CAD),will be 3%

Well,$20bn a month Trade Deficit is no big deal for us,given that our Goods+Services Exports are a massive $670bn
2.5-3% CAD for an economy growing at average of 7.5-9.5% is not a big deal either

In fact,in last 8yrs,average CAD under @narendramodi govt has been sub 2%,so we have enough leeway on that count

Why then are major Currencies falling against Dollar?

Well,reason is,Fed Rate Hike
Read 5 tweets
آئیں آپ کو بتاتے ہیں کہ عمران خان کی 3 سالہ حکومت نے آپ کیلیے کیا کیا ہے؟

2018 سے پہلے کا پاکستان بمقابلہ 2021 کا پاکستان
#Exports

2018 سے پہلے تک 20.5 ارب ڈالر رہ جانے والی #برآمدات 2021 میں 25.3 ارب ڈالر تک آ چکی ہیں جس میں مسلسل اضافہ جاری ہے

#تحریک_انصاف_کے_3سال_بےمثال
1👇
#TextileExports

نوازشریف اور آصف زرداری کے دس سالہ دورِ اقتدار میں ٹیکسٹائل کی برآمدات کبھی 14 ارب ڈالر تک بھی نہیں پہنچی تھیں لیکن آج 2021 میں ٹیکسٹائل کی وہی برآمدات 15.4 ارب ڈالر تک پہنچ چکی ہیں اور اس میں الحمد للہ روز بروز اضافہ ہو رہا ہے

#تحریک_انصاف_کے_3سال_بےمثال
2👇
#IT_Exports

انفرمیشن ٹیکنالوجی کے میدان میں 2018 تک ہماری برآمدات صرف 1.06 ارب ڈالر تھیں جو آج 2021 میں الحمد للہ 2.12 ارب ڈالر تک پہنچ چکی ہیں اور ان میں بھی مسلسل اضافے کا رحجان ہے

#تحریک_انصاف_کے_3سال_بےمثال
3👇
Read 17 tweets
#TradeDeficit in February 2021 up 4.8% to $71.1B. #Exports down 2.6% to $187.3B. #Imports down 0.7% to $258.3B (seasonally adjusted). go.usa.gov/xUNS3 #CensusEconData
Goods and services #deficit ($71.1B) in February 2021 was the highest on record (seasonally adjusted). go.usa.gov/xvvXP #CensusEconData #ForeignTrade #TradeDeficit
#GoodsDeficit ($88.0B) in February 2021 was the highest on record (seasonally adjusted). go.usa.gov/xvvXP #CensusEconData #ForeignTrade
Read 7 tweets
India's Exports (Merchandise &Services) in April-Feb FY21,are $439.64bn,down 10.14%,YoY

Imports in April-Feb FY21 are $447.44bn,down 20.83%

But in Dec'20,Jan&Feb'21,#Exports started picking up,with Feb growth at 0.67%&2.46% in Dollar &Rupee terms

Export growth in Dec was 5.37%
Exports in Feb'21 were $27.93bn,Vs $27.74bn in Feb20,up 0.67%

In Rupee terms,Exports were Rs 2.03 lakh Cr in Feb'21,up 2.46%

Imports in Feb were $40.54bn/Rs 2.95 lakh Cr,up 6.96% in Dollar terms &8.86% in Rupee terms,YoY

Trade Deficit in Feb21 was $12.88bn,Vs $10.16bn in Feb20
Interestingly,in April-Feb 2020-21,TradeDeficit is only $7.80bn,Vs deficit of $75.90bn in April-Febr 2019-20

Merchandise #TradeDeficit of $12.62bn in Feb21 is much lower Vs $14.54bn in Jan21

Lower Trade deficit in FY21,not due to slowdown alone,but due to better terms of trade
Read 6 tweets
#RetailInflation in Sep@7.34%,Vs 6.69% in Aug,is due to rise in food price index which rose from 9.05% to 10.68%,MoM

Uptick in #foodinflation is temporary &driven by #COVID related supply disruptions--We had bumper crop last year&FY21,should see bumper agri production,yet again!
By Dec,#CPI should ease& inflationary pressure will abate,due to #BaseEffect& #Kharif arrivals

Note:Kharif sowing was up between 50-88%,for most crops,despite #lockdown

With INR@73.11/$ level,threat of imported inflation is minimal

#CoreInflation at sub 6%,bodes well
#economy
#IIP contraction in Aug at 8% Vs 10.8% in July,is driven by relatively better numbers from #Mining& #ConsumerNonDurables

After record #ManufacturingPMI of 56.8 in Sep,#ServicesPMI at 49.8 Vs 41.8 in Aug,is a good sign💪

#TradeDeficit in Sep@ $2.9 Vs $10.9,in Sep2019,bodes well
Read 5 tweets

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